ANN CROTTY: What are consultants doing at our SOEs?
The tax-paying public should be told about consultants
At the risk of creating fee income opportunities for an as yet unidentified category of consultancy work it might be time to start demanding disclosure of what it is the armies of consultants are doing in our economy, and what it’s costing us. They are almost everywhere, except in the small, privately owned companies that do so much of the work to keep the wheels of our economy turning. Consultants soak up hundreds of millions of rand from large listed companies and billions from state-owned entities. Just as you again thought it impossible to feel more outrage over the Gupta-related goings-on, out comes news of yet another layer of consultants at Eskom. Oliver Wyman is a management consultancy headquartered in New York that Anoj Singh, Eskom’s chief financial officer, engaged to see if there was any value from payments made by Eskom to two other consultancy firms, McKinsey and Trillian.But Singh chose to ignore the findings, which were that the payments were dodgy and should be rev...
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